Business & Economy

ISLAMABAD: The prices of fruits and vegetables are significantly decreasing in capital due to cut in the fuel prices by the government.The residents of various localities appreciating the significant decrease in the fuel prices, said that the prices of pea decreased from Rs. 80 to 40 per kilogram, potato Rs. 40 to 30, onion Rs. 40 to 30, carrot Rs. 60 to 30, cauliflower Rs. 60 to 40, turnips Rs. 40 to 20 and radish Rs. 40 to 20.Similarly the prices of fruit including orange decreased from Rs. 80 to 60, Indian Banana Rs. 180 to 130, Iranian Apple Rs. 150 to 120 per kg and guava from Rs. 80 to 60.Abid Khan, a shopkeeper at G-7 Sitara Market told APP that demand of fruit and vegetables have also increased due to cut in its prices.Muhammad Aamir, a shopper at Abpara Market appreciated the Prime Minister Muhammad Nawaz Sharif for ...

LAHORE: The Lahore Chamber of Commerce and Industry has sought budget proposals from its members.LCCI President Ijaz A Mumtaz said LCCI members, conveners, co-conveners of the LCCI Standing Committees and Lahore based trade & industrial associations should prepare and submit properly worked-out proposals to the LCCI as the Federal Board of Revenue had already started the budget making exercise.The LCCI President also stressed upon the leading businessmen specifically to share their issues with the LCCI ...

ISLAMABAD: The diminishing winter season opens good opportunity for the people to take advantage of "winter sales" as almost all the major brands considerably reduced prices of their quality garments, fabrics and shoes etc.Shops put their available stocks on sale to accommodate fresh arrivals for spring and summer seasons. One can buy variety of woolen fabrics, garments, shoes and other accessories including mittens, hats, mufflers, sweaters, shirts, long courts and jackets almost in half of ...

ISLAMABAD: As part of its mandate to develop the Islamic capital market and to facilitate fund raising through Sharia Compliant financial products, the Securities and Exchange Commission of Pakistan (SECP) has approved the Regulations for issuance of Sukuk here on Thursday.The Sukuk Regulations, 2015 (the Regulations) has been made under Section 506A of the Companies Ordinance, 1984 (the Ordinance),according to statement issued by SECP.The draft of the Regulations was earlier notified for soliciting public comments ...

ISLAMABAD: Spokesman of FBR Shahid Hussain has said that collection of additional 12 percent of revenues was being utilized to provide better infrastructure facilities to the masses.Talking to Radio Pakistan, Shahid Hussain said that economic independence was linked with politics, therefore revenue generation was a significant factor for independent policies of the government.He said the government was endeavoring to expand tax net as data of 2.4 million people who have assets or frequently travelling abroad ...

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has registered 414 new companies during the month of January.A statement issued by the Commission here Wednesday said that around 91 percent of these were registered as private limited companies, while around 5 percent registered as single member companies, 4 percent of the companies were registered as public unlisted, non-profit associations and foreign companies.The highest numbers of companies including 138 companies were registered in Islamabad, followed ...

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) in exercise of powers conferred under Section 40B, read with Section 20(6)(b) and 20(6)(g) of the SECP Act 1997, directed Karachi Stock Exchange (KSE) to allow KASB Securities Limited (KSL) trading facilities in the ready market here on Wednesday.This decision has been taken on the recommendation of Karachi Stock Exchange (KSE), according to statement issued by SECP.The SECP had stopped the trading facilities of KASB Securities ...